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Article: United States: Bankers Petroleum Completes Spin-Off.
- Article from:
- TendersInfo
- Article date:
- July 17, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
Tuesday, Bankers Petroleum Ltd. (BNK.TO: News, Chart, Quote ) said under its plan of arrangement, all of Bankers U.S. operations and assets have been spun out into BNK Petroleum, Inc. As per the arrangement, Bankers shareholders as of the Record Time received one BNK-US Share for each ten Bankers Shares.
The exercise price of the purchase warrants listed under symbol BNK.WT will be adjusted from CAD$0.95 to CAD$0.83 per Bankers Share. The Purchase Warrants listed as BNK.WT.A will have their exercise price adjusted from CAD$0.90 to CAD$0.79 per Bankers Share.
In the next ten days, Bankers plans to complete the consolidation of ...